The price tested the old position, again, in 31st Dec. We could have two views:
Bullish view: (green line) The price action from 13th Dec to 31st Dec can be seen as two major waves and it forms an uptrend, as long as it didn't break down the previous low, we can think this trend is still valid thus should expect a higher push up to overpass 480.
Bearish view: (blue and red line): The price now is on a bull back. The uptrend actually was broken already and now this position is the lower high. So when there's direction changed next wave (downtrend) will eventually break the support level (red line) and goes lower in order to create a lower low.
Bullish view: (green line) The price action from 13th Dec to 31st Dec can be seen as two major waves and it forms an uptrend, as long as it didn't break down the previous low, we can think this trend is still valid thus should expect a higher push up to overpass 480.
Bearish view: (blue and red line): The price now is on a bull back. The uptrend actually was broken already and now this position is the lower high. So when there's direction changed next wave (downtrend) will eventually break the support level (red line) and goes lower in order to create a lower low.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。